We are excited to present 14008 Foothill Blvd, a 100% affordable development project in Sylmar, California. The 21,549 square foot (0.49 acres) site, zoned R3-1 does not currently hold any entitlements or permits which allows a developer many options. If going the 100% affordable route, a developer has the option to build unlimited units on the lot. Our analysis for 100% affordable development shows a 4-story apartment building over 1 level of on-grade parking and features a great unit mix 1 and 2 bedroom units. There is the opportunity to build even more by constructing 6+ floors and scrapping the parking. Being an ED1 eligible site allows an expedited approval process for 100% affordable developments which enables project approval within months. Current improvements include an occupied duplex on a month-to-month basis paying $3,775 per month. This allows a buyer to obtain a loan while working to get their entitlements and permits in place.This development site benefits from strategic positioning within Sylmar, CA. Boasting proximity to essential amenities, including schools, shopping centers, and recreational facilities, the site offers residents convenient access to daily necessities and leisure pursuits. Additionally, its favorable locale within the greater Los Angeles area ensures connectivity to major transportation routes, enhancing accessibility for residents commuting to neighboring districts. Such attributes underscore the desirability and viability of this investment opportunity within a burgeoning market for affordable housing. Moreover, the site's surroundings encompass a burgeoning community characterized by ongoing urban development and economic growth initiatives. As part of a dynamic neighborhood fabric, this investment holds promise for contributing to the local socio-economic landscape while addressing the pressing need for affordable housing solutions. In summary, this development site presents a compelling proposition for investors seeking to engage in socially impactful ventures within a burgeoning real estate market.
Property Details
Property Features
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (818) 212-2700
Listing Agent: Filip Niculete
Exterior Features
Exterior Information:
View: None
Lot Features
Lot Information:
Lot Size: 0.49 Acres
School Info
Assigned Schools Information:
Sylmar Senior High School, Public Magnet Grades 9-12
Cesar E. Chavez Learning Acads-Soc Just Humanitas Academy, Public District Grades 9-12
Cesar E. Chavez Learning Academies-Arts, Theatre, Entertatinment, Public District Grades 9-12
Olive Vista Middle School, Public District Grades 6-8
Studio, Public District Grades 6-8
Sylmar Elementary School, Public District Grades KG-5
Academy For Enriched Sciences, Public Magnet Grades 1-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Other
Directions Information:
Directions: Foothill & Polk
Price Information
Listing Price Info
Price Summary:
List Price: $2,200,000
Tax Information:
Annual Amount: $1,428
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $1.2M more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24378659
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (818) 212-2700
Listing Agent: Filip Niculete
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/30/2024, 6:20:23 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$1,428
$77,706
2020
$1,397
$76,910
2019
$1,311
$75,403
2018
$1,289
$73,926
2017
$1,289
$72,477
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
4
/10
Sylmar Elementary School
13291 Phillippi Ave
Distance between this listing and this school0.50 miles
Public District Grades KG-5
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school14.95 miles
Public Magnet Grades 1-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school16.73 miles
Public Magnet Grades KG-6
Middle School
6
/10
Olive Vista Middle School
14600 Tyler St
Distance between this listing and this school0.70 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school18.50 miles
Public District Grades 6-8
High School
4
/10
Sylmar Senior High School
13050 Borden Ave
Distance between this listing and this school0.51 miles
Public Magnet Grades 9-12
4
/10
Cesar E. Chavez Learning Acads-Soc Just Humanitas Academy
1001 Arroyo St
Distance between this listing and this school2.01 miles
Public District Grades 9-12
4
/10
Cesar E. Chavez Learning Academies-Arts, Theatre, Entertatinment
1001 Arroyo St
Distance between this listing and this school2.01 miles
Public District Grades 9-12
Assigned Schools
4
/10
Sylmar Elementary School
13291 Phillippi Ave
Distance between this listing and this school0.50 miles
Public District Grades KG-5
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school14.95 miles
Public Magnet Grades 1-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school16.73 miles
Public Magnet Grades KG-6
Assigned Schools
6
/10
Olive Vista Middle School
14600 Tyler St
Distance between this listing and this school0.70 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school18.50 miles
Public District Grades 6-8
Nearby Schools
7
/10
Sylmar Leadership Academy
14550 Bledsoe St
Distance between this listing and this school0.74 miles
Public District Grades KG-8
Assigned Schools
4
/10
Sylmar Senior High School
13050 Borden Ave
Distance between this listing and this school0.51 miles
Public Magnet Grades 9-12
4
/10
Cesar E. Chavez Learning Acads-Soc Just Humanitas Academy
1001 Arroyo St
Distance between this listing and this school2.01 miles
Public District Grades 9-12
4
/10
Cesar E. Chavez Learning Academies-Arts, Theatre, Entertatinment
1001 Arroyo St
Distance between this listing and this school2.01 miles
The neighbors living near this home have an average income of $30,625. The most common annual income of people living in Los Angeles, CA is less than $35k. Residents typically live in married, with kids family. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 14008 Foothill Blvd
What is the listing price of this property?
The listing price of 14008 Foothill Blvd property is $2,200,000.
What type of property is this?
The property 14008 Foothill Blvd is land located in Sylmar, California, 91342.
Is this property for sale now?
Active Listing: 14008 Foothill Blvd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 14008 Foothill Blvd are: Sylmar Elementary School: GreatSchools Rating 4/10Academy For Enriched Sciences: GreatSchools Rating 9/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Olive Vista Middle School: GreatSchools Rating 6/10Studio: GreatSchools Rating 4/10Sylmar Senior High School: GreatSchools Rating 4/10Cesar E. Chavez Learning Acads-Soc Just Humanitas Academy: GreatSchools Rating 4/10Cesar E. Chavez Learning Academies-Arts, Theatre, Entertatinment: GreatSchools Rating 4/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $1,428 (source: MLS/based on county public records data).
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This home is located at 14008 Foothill Blvd in Sylmar, CA and zip code 91342 in the Sylmar neighborhood. This home sits on a 0.49 acre lot. It has been listed on Rocket Homes since April 10, 2024 and is currently priced at $2,200,000.
Los Angeles, CA housing market in March 2024 saw over 628 listings sold above listed price, more than 196 sold at listed price and over 579 sold below. In March 2024 in Los Angeles, CA there were 10.8% more homes for sale than in February 2024. The median list price of listings available in March 2024 was $975,970, while the average time on the real estate market was 34 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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